My Disclaimer -
I am neither professional nor a registered analyst with SEBI or any other body, I read price and time charts for my own study and may or may not take any position on any of them.
If I share my study with you, it is purely for Study purpose, and any Profit/ Losses arising out of anyone taking any position shall be at their sole risk and...
Go long in IFCI.
As per Fibonacci analysis, it has shown 100% drawdown wrt previous fall and has maintained to close above 0.3 fibs ratio.
Expect further upside to 26.3 levels in 3-4 trading sessions with a SL of 25.1
Price seems to be setting up nicely for a rally. It has to clear a few resistance though. Sort out those levels and plan a trade accordingly. Worth having this one in watchlist.
IFCI Ltd. operates as an international commercial bank. The company engages in the provision of financing services. It offers financial products which includes loan products, project finance, corporate finance, syndication & advisory and structured debt and mezzanine products; debenture trustee, NPA resolution and NPA sales. The company was founded on July 1, 1948 and is headquartered in New Delhi, India.
NSE
